REDI Holdings has added Evercore ISI Institutional Equities’ (Evercore ISI) electronic execution platform to the REDI multi-broker network.
“Evercore ISI has long been acclaimed for its sophisticated macro and fundamental investment research, evidenced most recently by the firm’s stellar performance in the 2014 Institutional Investor Equity Research rankings,” says Sean Sullivan, Global Head of Sales & Marketing at REDI. “More recently, however, Evercore ISI has begun receiving similar praise for its algorithmic trading platform. We’re very pleased to further expand our multi-broker network with the addition of such a well-regarded provider.”
Brian Suth, Head of Electronic Trading at Evercore ISI, says: “We’ve been extremely impressed with REDI’s progress since becoming independent last year, and believe the firm is well on its way to delivering on the promise the spinoff provided. REDIPlus is one of the industry’s most widely used trading platforms, and we’re excited to tap into the substantial distribution capabilities it provides.”
Evercore ISI’s electronic execution platform, which complements its traditional high-touch cash and options trading offering, is available for equities trading in the US and includes eight advanced liquidity seeking and benchmark strategies, smart order routing and bespoke development capabilities. The firm joins nearly 125 other broker-dealers globally whose trading suites are available electronically via REDIPlus.
